Turmeric On NCDEX Settled Down By -2.9% At 8048

Turmeric on NCDEX settled down by -2.9% at 8048 due to profit booking after prices gained on expectation of lower arrivals and good upcountry demand. The arrivals in the main physical markets such as Nizamabad, Duggirala (AP), Salem, Erode and Sangli reported decreasing compared to last week Turmeric acreage in Telangana as on now was around 30,000 hectares as compared to 31,000 hectares last year. The acreage is lower compared to normal. In Andhra Pradesh, till now Turmeric sowing complete around 2522 hectares as compared to last year 2638 hectares.

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